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Sold on 05/03/2022
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1264 Main St, Coventry, CT 06238

  • $387,520

    Last sold 05/03/2022 for $275K

  • 6

    bed

  • —

    bath

  • 3,652

    Sqft ($75/Sqft)

Multi-family not for sale
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About 1264 Main St

Property type Multi-family
Year built 1900
HOA fee $0/month
Lot size 4,356 Sqft
Movoto estimate
Property description
Rarely available, fully occupied, Coventry Village mixed-use property for sale with 10.5% CAP! LOCATION, LOCATION! Convenient to the Village & Patriots Park (lake features: swimming, playground, band shell events + boat launch) is two blocks away, UCONN is 4 miles away and at the edge of deep Eastern CT. The property is conveniently located on Main Street and has (2) retail units on the first floor + (3) apartments above with the following unit mix: 3 bed, 2 bed, 1 bed. The property is 100% occupied with historically low vacancy rate. The utilities are separate and tenant paid (propane heat, updated electric). There is off-street parking behind the property. Great cash flowing asset with 19% ROI + value add opportunity (rents below market) if you renovate units and increase rents!
Listed by
Listing Agent - Amanda R Faroni
Listing Office - Vanguard Private Client Grp
Source: CONNECT MLS mls logo
MLS#170459851 • last updated 4 years ago
Movoto checked CONNECT MLS for data 3 minutes ago
Overview
Cooling/AC Window Unit
Heating Baseboard, Propane
Levels/Style Units On Different Floors
Type Multi-Family For Sale
SubType 5 Family+
SqFt 3652
Lot Size (Acres) 0.1
Property Tax 4523
Property Condition No/Resale
Interior
Total # of Bedrooms 6
Exterior
Exterior Vinyl Siding
Construction Frame
Roofing Metal
Lot Description Level Lot
Amenities / Utilities
Sewer/ Septic Public Sewer Connected
HOA Amenities None
Location
Waterfront Not Applicable
Neighborhood Coventry
Elementary School Per Board Of Ed
High School Per Board Of Ed
APN 1609708
Directions On Main St.
Multifamily Details
Gross Annual Income 47160
Net Operating Income 31556
$387K
Range: $348K-$426K
Last 30 days 
  • May 2022
    mls logo MLS # 170459851
  • May 4, 2022 Sold
    $275,000 (-8.3%)
  • Mar 8, 2022 Under Contract
    —
  • Feb 4, 2022 Price Change
    $300,000 (-14.3%)
  • Jan 5, 2022 Listed
    $349,900 (+17.0%)
  • May 2016
    mls logo MLS # V10028340
  • May 12, 2016 Price Change
    $299,000 (+17.3%)
  • Mar 17, 2015 Listed
    $255,000
  • 1264 Main St
    $275K
  • —
  • 06238
    $359K -5% y/y
  • Coventry
    $451K +1% y/y
No chart available
Statistics calculated by Movoto

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8/10
George Hersey Robertson School
public Grades 3-5
Coventry School District
N/A
Coventry Grammar School
public Grades K-2
Coventry School District
6/10
Capt. Nathan Hale School
public Grades 6-8
Coventry School District
10/10
Coventry High School
public Grades 9-12
Coventry School District
Source: GreatSchools.org © 2026. All rights reserved.

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